UAE's EDB starts marketing debut dollar bond - document | Reuters:
Emirates Development Bank (EDB), owned by the United Arab Emirates federal government, started marketing its debut dollar bond issue at around 130 basis points over mid-swaps, a document issued by one of the banks leading the deal showed on Wednesday.
The five-year senior, unsecured bonds are expected to be priced later on Wednesday. Emirates NBD Capital and Standard Chartered Bank are coordinating the debt sale. Emirates Development Bank is rated AA-(minus) by Fitch.
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